Jenex Announces Closing of Debt Settlement

Jenex Announces Closing of Debt Settlement

The Jenex Corporation (TSXV: JEN.H) ("Jenex" or the "Corporation") announces that is has completed the debt settlement described in its press release of November 18, 2014.

Jenex settled $4,614,472 of secured debt (including accrued interest) by issuing (a) 25,500,000 common shares (b) $600,000 of secured debentures, and (c) 10,000,000 warrants. The terms of the Debentures and the Warrants are described in the November 18, 2014 press release.

Jenex also settle unsecured debts totaling $437,500 by the issuance of 8,075,000 common shares.

"We are pleased to make this significant announcement for Jenex and would like to thank our debtholders for working with us to arrive at a settlement. The debt settlement is an important milestone for the Corporation which removes a substantial amount of indebtedness from our balance sheet and now clears the path for management to execute on the vision for the company." said Chairman, Rob Fia

The securities issued in this closing are subject to a four month hold period which expires on April 11, 2015. Following completion of this closing, there are approximately 110,352,437 issued and outstanding common shares of Jenex.

"With a clean balance sheet, and significant progress being made in business and product development, we are looking forward to launching our web and social media focused eStore and continuing to develop our new product platform, which includes products in the acne, anti-aging and cold sore market," said Jenex's CEO,, Peter Shippen

FORWARD LOOKING STATEMENTS

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Corporation's future performance and include the launching of the eStore and development of new products described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. In addition to other risks, the Corporation will require additional capital in order to launch its eStore and develop new products and the failure to do so, or delay in doing so, will prevent or delay those initiatives. The development of new products is subject to risks inherent in that process, including the risk that the new products will fail to perform as expected and the risk that the Corporation will not receive required regulatory approvals to manufacture and market the products. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Corporation believes are reasonable assumptions on the date of this news release, the Corporation cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.